Reuters (LSE: RTR; NASDAQ: RTRSY), the global news and information company, today announced that it has added BNY ConvergEx Group, a leader in agency brokerage and investment technology solutions, to its multi-broker platform to offer advanced, global direct market access trading capabilities through Reuters Trading for Exchanges (RTEx).
RTEx is a comprehensive electronic trading solution for financial institutions around the world dealing in exchange traded markets. RTEx provides a fully hosted trading suite, as well as a powerful multi-asset class trading engine.
Through RTEx, BNY ConvergEx Group provides a single connection to over 50 global markets, including the US, in a conflict-free, pure agency environment. Clients maintain complete anonymous control of their orders, utilizing sophisticated order routing capabilities to access liquidity and obtain the fastest possible route to the market. They also have access to a full array of algorithms to accomplish their trading objectives. BNY ConvergEx Group powers these innovative capabilities by leveraging the advanced global equity execution and clearing technology engineered to support G-Trade.
Stephen Wilson, Global Head of Exchange Traded Instruments for Reuters said: "This partnership marks a major endorsement of the value of RTEx which launched recently. It is significant that BNY ConvergEx Group has selected Reuters as a global execution partner to ensure customers have access to the highest standards of information, technology and transaction capabilities. This initiative demonstrates the value of our Core Plus growth strategy."
Joseph M Velli, Chairman and CEO of BNY ConvergEx Group, said: "We actively seek out partnership opportunities that help us continue to offer a broad array of value-added integrated solutions. Partnering with Reuters reflects our commitment to providing our clients with the most up-to-date trading tools and advanced technology available. Through a single RTEx enabled desktop, clients will now have the ability to trade on any major global exchange from one ticket, as well as access real-time global markets information. This partnership offers clients a unique global trade execution capability that further enhances our comprehensive suite of brokerage and clearing solutions."